Industrialization and urbanization in the U.S. occurred simultaneously between 1860 and 1910
Indicate whether the statement is true or false
True
You might also like to view...
Accounting profit is typically
A. greater than economic profit because the former does not take explicit costs into account. B. smaller than economic profit because the former does not take implicit costs into account. C. equal to economic profit because explicit costs include all opportunity costs. D. greater than economic profit because the former does not take implicit costs into account.
Libertyville has two optometrists, Dr. Smith and Dr. Jones. Each optometrist can choose to advertise his service or not. The incomes of each optometrist, in thousands of dollars, are given in the payoff matrix above
Which of the following statements CORRECTLY categorizes the Nash equilibrium for the game? A) The game has a Nash equilibrium in which both optometrists advertise. B) The game has a Nash equilibrium in which both optometrists do not advertise. C) The game has a Nash equilibrium in which Dr. Smith advertises and Dr. Jones does not advertise. D) The game has a Nash equilibrium in which Dr. Smith does not advertise and Dr. Jones does advertise.
The main reason that President Clinton was forced to revise his campaign promise to cut taxes was that, in 1993, he faced a large
A. balance of payments surplus. B. balance of payments deficit. C. federal budget deficit. D. federal budget surplus.
According to the crude quantity theory of money, if M were increased by 20%, what would happen to V, P, and Q?
What will be an ideal response?